• Get Free Money:
If you earn under $46,920 per year, and make a non-concessional and contribution into your superannuation, then the government give up to 50 cents in the dollar. • Spouse Contributions: If your wife or husband earned under $ 13,800 per year, then you eligible to claim up to $ 540 • Analysis your Salary Sacrifices: Be alive that salary sacrificing into your superannuation fund affects your concessional contribution cap. From 9 to 9.25% on 1th July, you can increase in Superannuation Guarantee. • Analysis your Insurance: They mentioned earlier, the end of the year is an perfect time to look not only at tax commitments, but also including comprehensive long-term financial plan, including insurance plan. • Time it right: To have deduced contribution counted for this year, on 30th June they must be received by the trustee. • Self-employed contributions: By contacting your financial adviser to see if you are eligible to claim a 100% tax deduction for any superannuation contributions. • Splitting Your super contribution with your wife/Husband: For splitting your contribution, a request needs to be submitted to the member’s fund.
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April 2020
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